Contribution Percentage. The term “
Contribution Percentage. The ratio (expressed as a percentage) of the Participant's Contribution Percentage Amounts to the Participant's Compensation for the Plan Year (whether or not the Employee was a Participant for the entire Plan Year).
Contribution Percentage. The ratio (expressed as a percentage and calculated separately for each Participant) of:
(a) the Participant's Contribution Percentage Amounts [as defined at (c)-(f)] for the Plan Year, to
(b) the Participant's Compensation for such Plan Year. Unless otherwise specified by the Employer in the Adoption Agreement, Compensation will include all amounts earned from the Employer and actually paid during the Plan Year. Contribution Percentage Amounts on behalf of any Participant shall include:
(c) the amount of Employee Voluntary Contributions, Matching Contributions, and Qualified Matching Contributions (to the extent not taken into account for purposes of the ADP test) made under the Plan on behalf of the Participant for the Plan Year,
(d) forfeitures of Excess Aggregate Contributions or Matching Contributions allocated to the Participant's account which shall be taken into account in the year in which such forfeiture is allocated,
(e) at the election of the Employer, Qualified Non-Elective Contributions, and
(f) the Employer also may elect to use Elective Deferrals in the Contribution Percentage Amounts so long as the ADP test is met before the Elective Deferrals are used in the ACP test and continues to be met following the exclusion of those Elective Deferrals that are used to meet the ACP test. Contribution Percentage Amounts shall not include Matching Contributions, whether or not Qualified, that are forfeited either to correct Excess Aggregate Contributions, or because the contributions to which they relate are Excess Deferrals, Excess Contributions, or Excess Aggregate Contributions.
Contribution Percentage. “Contribution Percentage” shall mean fifty percent (50.0%) as to BMDC and fifty percent (50.0%) as to the Hines Member.
Contribution Percentage. The percentage shall be as follows: Effective 9 the first day of the first pay period following ratification of the successor 10 agreement by the parties, one-half (1/2) of the Annual Required 11 Contribution (ARC) to the Employees’ Retirement System as calculated 12 by the Retirement System actuary.
Contribution Percentage. The Contribution Percentages of the Partners, as set forth in Exhibit "B" hereto.
Contribution Percentage. 3 1.15. Cumulative Net Loss..........................................4 1.16. Cumulative Net Profit........................................4 1.17. Depreciation.................................................4 1.18. Fiscal Year..................................................4 1.19.
Contribution Percentage. The Special Employee Contributions and ------------------------ the Company Contributions (and a pro rata share of the earnings attributable to each) allocated to a Participant shall be reduced if necessary to comply with the contribution percentage limitations of Subsection 401(m) of the Code (a copy of which is attached as Exhibit B).
(a) (ii) Whether such reduction is necessary shall be determined for each Year. Any such reduction shall be effected by reducing first, Special Employee Contributions, then (if necessary), the Company Contributions, allocated to Participants who are "highly compensated employees" of the Company (as defined in Section 414(q) of the Code) and whose "contribution percentage" (as defined in Section 401(m) of the Code) exceeds the permissible contribution percentage for highly compensated employees, commencing with those Participants whose contribution percentage is highest. The amount of any Participant's Special Employee Contributions and Company Contributions reduced retroactively shall be paid to him in cash within two and one-half (2-1/2) months after the close of the Plan Year.
Contribution Percentage. For purposes of paragraph (2), the ----------------------- contribution percentage for a specified group of employees for a plan year shall be the average for the ratios (calculated separately for each employee in such group) of -
(A) the sum of the matching contributions and employee contributions paid under the plan on behalf of each such employee for such plan year, to,
(B) the employee's compensation (within the meaning of section 414(s)) for such plan year. Under regulations, an employer may elect to take into account (in computing the contribution percentage) elective deferrals and qualified nonelective contributions under the plan or any other plan of the employer. If matching contributions are taken into account for purposes of subsection (k)(3)(A)(ii) for any plan year, such contributions shall not be taken into account under subparagraph (A) for such year.
Contribution Percentage. The ACP for Participants who are Highly Compensated Employees for each Plan Year and the ACP for Participants who are Non-highly Compensated Employees for the same Plan Year must satisfy one of the following tests:
